Three things: a non-custodial Solana wallet, some SOL, and an honest read on the risk. Most memecoins go to zero. A few go vertical. You mostly can't tell which in advance. Don't put in money you can't lose all of.
The mechanics
- Set up a wallet and write down the recovery phrase. Paper, not a screenshot.
- Fund it with SOL. Keep some spare beyond what you plan to trade. Every swap needs a bit for network fees and token account rent.
- Swap SOL for the token. You'll set a slippage tolerance. Tight enough to protect you, loose enough to fill on something that's moving.
- Decide the exit before the entry. What do you do if it doubles? If it halves? Most memecoin losses are no plan, not bad luck.
What actually gets people
- Rugs. The creator dumps supply or pulls liquidity and the token is zero in a block. Check whether liquidity is locked and how concentrated the holders are before you buy.
- Honeypots. You can buy but you can't sell. A token nobody seems to be selling is a warning, not a signal.
- Fees. In and out through a 0.85% wallet costs about 1.7% before anything happens. At memecoin frequency that's your edge. See the comparison.
- Being slow. You get the CA, copy it, switch apps, paste it. It already ran. Having the terminal inside the wallet fixes most of this.
- Scams off the chart. Fake support, fake claim pages, anything that asks for your seed phrase. Nobody legit needs it.
Why the terminal is inside the wallet
This is the kind of trading Aurus was built around. The discovery feed drops tokens that have already been rugged or drained before you see them, so the list you're scrolling is the list worth scrolling. Quick buy has presets, slippage sets itself from how volatile the token is right now, and the fee is capped at 0.001 SOL so trading often doesn't get punished. Your keys stay on your phone the whole time.